{"id":38605,"date":"2023-03-20T04:09:39","date_gmt":"2023-03-20T08:09:39","guid":{"rendered":"https:\/\/d56fg8tfg.fitnews.club\/finance\/cfpb-ready-to-help-consumers-on-day-one\/"},"modified":"2023-03-20T04:09:39","modified_gmt":"2023-03-20T08:09:39","slug":"cfpb-ready-to-help-consumers-on-day-one","status":"publish","type":"post","link":"https:\/\/d56fg8tfg.fitnews.club\/finance\/cfpb-ready-to-help-consumers-on-day-one\/","title":{"rendered":"CFPB Ready to Help Consumers on Day One"},"content":{"rendered":"
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Consumer Agency Hits the Ground Running<\/strong><\/em><\/p>\n

Washington, D.C.<\/strong>\u2013 The Consumer Financial Protection Bureau (CFPB) hit the ground running this week, launching functions and issuing a variety of required rules and reports that represent important steps in making the CFPB operational and effective from the start.<\/p>\n

\u201cTwo years ago, the consumer agency was just barely an idea. A year ago it became law. And this week, the CFPB will open its doors and begin to make a difference in the marketplace,\u201d said Elizabeth Warren, Special Advisor to the Secretary of the Treasury on the CFPB. \u201cThis agency is ready to be a cop on the beat for American families \u2013 and I couldn\u2019t be prouder.\u201d<\/p>\n

Today, the CFPB is sending introductory letters<\/span> <\/svg><\/a> to the CEOs of the depository institutions \u2013 generally large banks and their bank affiliates \u2013 that are subject to CFPB supervision. These letters, which outline the agency\u2019s approach to supervision and examination, mark the beginning of the CFPB\u2019s regular communications with the institutions it supervises. In addition, the CFPB\u2019s Enforcement team is ready to begin enforcing federal consumer financial laws, when necessary.<\/p>\n

The CFPB\u2019s Consumer Response Center began accepting credit card complaints<\/a> today on its newly redesigned website, ConsumerFinance.gov, and through a toll-free number. It will also refer distressed homeowners to housing counselors via the Homeowner\u2019s HOPE Hotline. Over the coming months, the agency will expand its Consumer Response Center to handle complaints about other consumer financial products and services under its jurisdiction.<\/p>\n

To enable the CFPB to perform its functions under the Dodd-Frank Wall Street Reform and Consumer Protection Act (Dodd-Frank Act), the agency will publish the following:<\/p>\n